First Bancshares (NASDAQ:FBMS – Get Free Report) announced its quarterly earnings results on Wednesday. The bank reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02, Zacks reports. First Bancshares had a return on equity of 9.73% and a net margin of 20.00%. The company had revenue of $104.35 million during the quarter, compared to analyst estimates of $70.40 million. During the same quarter in the previous year, the firm posted $0.85 EPS.
First Bancshares Price Performance
Shares of FBMS traded up $0.67 during midday trading on Thursday, reaching $30.26. The stock had a trading volume of 304,956 shares, compared to its average volume of 161,312. First Bancshares has a 52 week low of $22.96 and a 52 week high of $32.06. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s 50 day moving average price is $25.75 and its 200-day moving average price is $25.39. The company has a market capitalization of $944.72 million, a P/E ratio of 12.01 and a beta of 0.93.
First Bancshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, August 8th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date is Thursday, August 8th. First Bancshares’s dividend payout ratio is presently 39.68%.
Analysts Set New Price Targets
Read Our Latest Research Report on FBMS
About First Bancshares
The First Bancshares, Inc operates as the bank holding company for The First Bank that provides general commercial and retail banking services. The company operates through three segments: Commercial/Retail Bank, Mortgage Banking Division, and Holding Company. It offers deposit services, including checking, NOW, and savings accounts; other time deposits, such as daily money market accounts and longer-term certificates of deposit; and individual retirement and health savings accounts.
Featured Stories
- Five stocks we like better than First Bancshares
- 5 discounted opportunities for dividend growth investors
- Viking Therapeutics: Pharma Stock Soars on Positive Earnings
- Investing in Construction Stocks
- Top 3 Small Cap Stocks Emerging as Rotation Winners
- Stock Market Upgrades: What Are They?
- Bargain Alert: 3 Stocks Worth Watching While The Market Cools
Receive News & Ratings for First Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.